Bath Body Correlations

BBWI Stock

USD 31.78 0.07 0.22%

The current 90-days correlation between Bath Body Works and Williams Sonoma is 0.15 (i.e., Average diversification). The correlation of Bath Body is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Bath Body Correlation With Market

Very weak diversification

The correlation between Bath Body Works and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bath Body Works and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bath Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bath Body Works. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Bath Stock

0.78	RH	RH	Pair Corr
0.68	FND	Floor Decor Holdings	Pair Corr

Related Correlations Analysis

	SPWH	BGFV	WSM	DKS	RH	AZO	BBY	ULTA	ORLY	GPC
SPWH		0.75	0.4	0.33	0.28	-0.15	0.49	0.87	-0.38	0.41	SPWH
BGFV	0.75		0.8	0.46	0.6	0.2	0.74	0.83	-0.31	0.78	BGFV
WSM	0.4	0.8		0.46	0.77	0.53	0.75	0.56	-0.1	0.79	WSM
DKS	0.33	0.46	0.46		0.58	-0.04	0.33	0.31	0.01	0.14	DKS
RH	0.28	0.6	0.77	0.58		0.31	0.76	0.31	-0.21	0.52	RH
AZO	-0.15	0.2	0.53	-0.04	0.31		0.35	0.04	0.56	0.57	AZO
BBY	0.49	0.74	0.75	0.33	0.76	0.35		0.58	-0.28	0.78	BBY
ULTA	0.87	0.83	0.56	0.31	0.31	0.04	0.58		-0.31	0.67	ULTA
ORLY	-0.38	-0.31	-0.1	0.01	-0.21	0.56	-0.28	-0.31		-0.07	ORLY
GPC	0.41	0.78	0.79	0.14	0.52	0.57	0.78	0.67	-0.07		GPC
	SPWH	BGFV	WSM	DKS	RH	AZO	BBY	ULTA	ORLY	GPC

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ULTA	+ 0.87	SPWH
ULTA	+ 0.83	BGFV
WSM	+ 0.8	BGFV
GPC	+ 0.79	WSM
GPC	+ 0.78	BGFV
GPC	+ 0.78	BBY

High negative correlations

ORLY	- 0.38	SPWH
ORLY	- 0.31	ULTA
ORLY	- 0.31	BGFV
ORLY	- 0.28	BBY
ORLY	- 0.21	RH
AZO	- 0.15	SPWH

Risk-Adjusted Indicators

There is a big difference between Bath Stock performing well and Bath Body Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Bath Body's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SPWH	3.82	1.76	0.35	(1.06)	3.13	(4.61)	11.38	(5.66)	25.26
BGFV	4.13	0.92	0.19	0.99	3.85	(5.69)	6.50	(5.60)	71.09
WSM	1.71	0.24	0.06	(6.34)	1.65	(2.05)	3.56	(2.67)	12.89
DKS	2.02	0.01	0.03	0.14	3.04	(2.14)	4.15	(3.52)	25.87
RH	3.02	0.02	0.06	0.14	3.23	(3.36)	6.39	(5.49)	23.92
AZO	1.07	(0.03)	(0.09)	0.04	1.25	(1.16)	2.48	(2.00)	6.66
BBY	1.78	0.01	0.02	0.14	1.99	(2.08)	3.93	(2.98)	13.84
ULTA	1.30	0.37	0.28	0.63	0.75	(1.57)	3.51	(1.81)	13.36
ORLY	1.09	(0.07)	0.00	(0.11)	0.00	0.00	2.05	(2.07)	5.63
GPC	1.10	(0.03)	(0.03)	0.10	1.15	(1.28)	2.80	(2.00)	6.45

Bath Body Corporate Management

Thilina Gunasinghe	Chief Officer	Profile
Tom Mazurek	Chief Operations	Profile
Edward Razek	Pres Services	Profile
Heather Hollander	Vice Relations	Profile
Alessandro Bogliolo	Independent Director	Profile
Amie Preston	Chief Officer	Profile
Bruce Soll	VP Affairs	Profile

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